Industry
VANCOUVER – Residents across British Columbia are being advised to prepare a well-stocked emergency kit for what BC Hydro warns could be a stormy fall and winter made worse by the effects of a severe summer drought. The latest report from the Crown utility says record-breaking heat between June and August in many parts of […]
By Jason Contant | September 17, 2021
1 min read
Canada’s Top 5 property and casualty insurers control nearly half the market, with the largest increasing their market share further, an A.M. Best Company analyst said Wednesday. About two-thirds of direct premiums written, in Canadian P&C insurance, are controlled by the Top 10 carriers, said Gordon McLean, senior financial analyst with Oldwick, N.J.-based A.M. Best. […]
By Greg Meckbach | September 16, 2021
3 min read
By 2022, 2.85 million small drones will be flying the friendly skies, according to projections by the Federal Aviation Administration. Our numbers are nowhere near as high. According to Transport Canada, as of Aug. 31, 63,200 drones were registered in this country. There were 59,700 pilots with a basic certificate and 6,350 pilots (mostly flying […]
By Melissa Shin | September 16, 2021
2 min read
You may not know the Mayo Clinic’s Dr. James Levine. But you’ve likely heard his now-famous phrase: “Sitting is the new smoking.” With many employees sitting in front of a computer in the comfort of their homes for the past 18 months, and gyms and yoga studios opening to limited capacity, this phrase may be […]
By Melissa Shin | September 15, 2021
Westland Insurance Group Ltd. has announced the acquisition of Tredd Insurance Brokers in Toronto and Calgary, one week after it acquired two other brokerages in Alberta. Tredd Insurance offers commercial insurance, with specialties including but not limited to transportation, oil and gas, manufacturing, construction, environmental, and mergers and acquisitions. According to its website, Tredd also […]
By Jason Contant | September 15, 2021
Two Canadian mutual insurers have announced they are implementing vaccination policies for their workforces. Gore Mutual Insurance Company and Wawanesa Mutual Insurance Company made the announcements earlier this week. “After hearing from employees, and keeping the health and well-being at the forefront of our decision-making, Gore Mutual has decided that all employees returning will be […]
4 min read
VICTORIA – The British Columbia government has not effectively overseen the safety of the 1,900 dams it regulates, says the auditor general. Michael Pickup said the Ministry of Forests, Land, Natural Resource Operations and Rural Development has not adequately verified or enforced dam owners’ compliance with key safety requirements. “So I’m trying to balance making […]
The pandemic has spurred MGAs and one insurer to offer additional paid time off and be more generous with their vacation policies. AXA Group announced Sept. 7 that it was giving its 153,000 employees worldwide two additional paid days off to be taken before the end of Q1 2022. “We appreciate that everybody has been […]
By Melissa Shin | September 14, 2021
Prosecutors failed to prove Linda O’Leary was operating her boat without proper care or consideration for others when it crashed into another vessel in central Ontario two years ago, a judge ruled Tuesday as he cleared her in the fatal collision. O’Leary, the wife of celebrity businessman Kevin O’Leary, was charged with careless operation of […]
By Jason Contant | September 14, 2021
Editor’s Note: This story has been updated to include information from RATESDOTCA. Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates, LowestRates.ca co-founder and CEO Justin Thouin said in a LinkedIn post Monday. Terms of the […]
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